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The Town with Matthew Belloni
The Memorial Day Box Office Meltdown
May 28, 2024
Bloomberg's Lucas Shaw joins Matt to discuss the Memorial Day box office disaster and its impact on future film releases. They debate studios releasing fewer movies and make a prediction about Warner Bros. Discovery's NBA broadcasting rights.
32:25
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Quick takeaways
- The Memorial Day box office weekend showcased a significant decline in revenue, sparking concerns about the future of movie releases.
- The NBA rights negotiation process involving Disney, Comcast, and Amazon reveals strategic shifts in media partnerships and potential exclusions for Warner Bros. Discovery.
Deep dives
Box Office Woes and Memorial Day Weekend Results
The Memorial Day Weekend revealed a bleak box office scenario, with the total weekend gross in North America reaching only $125 million, down 40% from the previous year. 'Furiosa,' a Warner Bros. movie, significantly underperformed, making just $31 million over the four-day weekend, while facing high production and marketing costs. This marked the worst Memorial Day weekend result for the top movie in 43 years, indicating a drastic decline in box office performance.
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